Navitas Semiconductor Corp (NASDAQ:NVTS) concluded the trading at $6.78 on Wednesday, June 04 with a rise of 14.14% from its closing price on previous day.
Considering stock’s 52-week price range provides that NVTS hit a high price of $7.53 and saw its price falling to a low level of $1.52 during that period. Over a period of past 1-month, stock came adding 239.00% in its value.
With its current market valuation of $1.30 billion, Navitas Semiconductor Corp is set to declare its quarterly results in July. Analysts are in estimates of -0.05 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.19 for current year with estimates of that growing to -0.1 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 14.43M. They suggested that in the process company could generate revenue of as low as 14M which could climb up to 14.53M to hit a high. The average estimate is representing a decrease of -29.48% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 64.02M in current fiscal year, which will be -23.15% less from revenue generated by the company last year.
According to ratings assigned by 2 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 0 of them are recommending Navitas Semiconductor Corp (NVTS) as a Hold, while 2 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the NVTS stock which is currently positioned at 0. It further provides that stock’s current price level is 85.82% away from its 20-day simple moving average and is 161.30% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 74.29 while volatility remained at 7.97% over the past week which changes to 24.08% when measuring it over the past month. Beta is valued at 2.95, while measure of average true range or ATR is currently at 0.75. In predicting price targets of as low as $4 and as high as $4, analysts are in agreement on assigning the stock over the next 12 months average price target of $4. Stock’s current price level is 41.0% above from estimated low price target while it is 41.0% below the estimated high; and even if the NVTS’s share succeeded to reach the median price of $4, then the outlook of 41.0% could come to the excitement of the investors.
The percentage of outstanding shares held by the insiders is 35.33% while it is 32.60% for the institutional holders. Addition of 89.92% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
